Elon Musk bought himself some time on Thursday, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28. Now comes the big question: how will he pay for it?
In the latest trading session, Tesla (TSLA) closed at $238.13, marking a -1.11% move from the previous day. This move lagged the S&P 500's daily loss of 1.03%. Meanwhile, the Dow lost 1.15%, and the Nasdaq, a tech-heavy index, added 0.39%.
What happened
Shares of Swedish premium electric-vehicle (EV) maker Polestar Automotive Holding (NASDAQ: PSNY) fell 35.3% in September, according to data from S&P Global Market Intelligence. For context, last month, the S&P 500 and Nasdaq Composite indexes declined 9.3% a
A four-member SpaceX Crew Dragon team, including a Russian cosmonaut and the first Native American woman sent to orbit, safely docked with the International Space Station (ISS) on Thursday to begin a five-month science mission.
A four-member SpaceX Crew Dragon team, including a Russian cosmonaut and the first Native American woman sent to orbit, neared a planned rendezvous with the International Space Station (ISS) on Thursday to begin a five-month science mission.
Wall Street's major indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers due on Friday that the Federal Reserve's aggressive interest rate stance will lead to a recession.
Elon Musk requested a judge stay his litigation with Twitter Inc pending the receipt of financing for the $44 billion deal, which he said is expected to close at $54.20 per share on or around Oct. 28, according to a court filing.
Wall Street's major indexes slid further on Thursday as concerns mounted ahead of closely watched monthly nonfarm payrolls numbers that the Federal Reserve's aggressive interest rate stance will lead to a recession.
NEW YORK (Reuters Breakingviews) - Imagine if, instead of buying Twitter, Elon Musk had decided to spend $44 billion on purchasing a bank. His investment would have been vetted by regulators, who would ask questions about his track record, his a
NEW YORK (Reuters Breakingviews) - Imagine if, instead of buying Twitter, Elon Musk had decided to spend $44 billion on purchasing a bank. His investment would have been vetted by regulators, who would ask questions about his track record, his a
Wall Street's main indexes fell on Thursday on concerns about persistent inflation and the Federal Reserve's aggressive rate-hike cycle, while shares of Tesla slipped on worries over funding for Elon Musk's proposed buyout of Twitter.
What happened
On an only modestly red day for the stock market, with major indices all down just a fraction of a percent each, shares of automotive stocks are getting hurt more than most. Tic-tac-toe, three in a row, shares of Ford Motor Company (NYSE: F), Tesla (NASDAQ: TSLA), a
Third-quarter 2022 delivery updates from electric vehicle (EV) king, Tesla TSLA, as well as China-based EV players, including NIO Inc. NIO, Li Auto LI and XPeng Inc. XPEV took center stage last week. Notwithstanding the delivery miss in the third quarter of 2022 amid supp
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ARK Innovation ETF (Symbol: ARKK) where we have detected an approximate $384.4 million dollar inflow -- that's a 5.0% increase week over week in out
Wall Street's main indexes fell on Thursday on worries about persistent inflation and the Federal Reserve's aggressive rate-hike cycle, while shares of Tesla fell on worries over funding for Elon Musk's proposed buyout of Twitter.
Twitter Inc's shares retreated further from Elon Musk's offer price on Thursday as investors fretted over financing for the proposed $44-billion buyout of the social media firm against the backdrop of growing economic uncertainty.
Tesla Motors TSLA reported record deliveries for the third quarter, signaling another strong earnings report later this month. However, it fell short of the Wall Street analysts’ estimates, which sent its shares tumbling.This has put the ETFs having a substantial allocati
Reports are rife that Elon Musk, the man behind the all-mighty Tesla TSLA, has reversed his course again and is buying Twitter TWTR after all. The electric vehicle (EV) giant hasn’t had a smooth run on the bourses in the past three days as it missed third-quarter deliveri
Financial stocks were declining pre-bell Thursday with the Select Financial Sector SPDR (XLF) recently slipping by 0.34%, the Direxion Daily Financial Bull 3X shares (FAS) ETF down past 1% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) up 1%.